Kec (092220) Q3 2025 earnings summary

Executive summary

• Specializes in non-memory power semiconductors, supplying major domestic and global electronics and automotive firms, with 11 overseas subsidiaries and a growing export focus.

• Recorded consolidated sales of KRW 175.9 billion for the first nine months of 2025, with a significant portion from overseas markets.

• Faced a consolidated net loss of KRW 13.4 billion and an operating loss of KRW 15.6 billion for the same period.

• Maintains a strong patent portfolio (121 IPs) and continues to invest in R&D, focusing on expanding product lines and technological innovation.

Financial highlights

• Consolidated revenue for 2025 Q3 YTD: KRW 175.9 billion, down from KRW 243.2 billion YoY.

• Operating loss: KRW 15.6 billion (vs. loss of KRW 13.3 billion YoY).

• Net loss attributable to owners: KRW 13.4 billion (vs. loss of KRW 11.4 billion YoY).

• Cash and cash equivalents at period end: KRW 12.8 billion, down from KRW 30.6 billion at prior year-end.

• Total assets: KRW 447.3 billion; total equity: KRW 336.4 billion.

Outlook and guidance

• Global semiconductor market expected to grow 12.7% in 2025, with the company’s core SSTR market projected to recover by 1.7% after a decline in 2024.

• Focus remains on expanding automotive semiconductor sales and leveraging R&D for new product launches.